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tv   Squawk Alley  CNBC  July 21, 2016 11:00am-12:01pm EDT

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i'm bertha coombs life at the justice department in washington. attorney general loretta lynn set to give a press conference filing suit against both the aetna humana deal and sigma merger saying these four fomps would provide too much concentrationen the insurance industry bringing the five largest insurers effectively to three and giving them tremendous power. deputy attorney general says there's no reason to put the dynamic in the market at risk by having this concentration. i will speaking with him following this press conference live and be sure to tune in on the "halftime report" when we will speak exclusively to ceo mark bertie linney and get his
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reaction to these lawsuits. back to you. >> bertha coombs at the doj. good news. >> good morning. it's 8:00 a.m. at qualcomm headquarters in san diego and squawk alley is live! ♪ ♪ welcome to "squawk alley." we're live in cleveland this morning, the site of the republican national convention. holding back the fort there. the night was supposed to belong to donald trump's running
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mate, mike pence, but it was ted cruz who stole the show not endorsing the ticket. he's calling on voters to do this. >> stand and speak and vote your conscience. vote for candidates up and down the ticket who you trust to defend our freedom and to be faithful to the constitution. >> i appreciate the enthusiasm of the new york delegation. >> mike pence did go on to officially accept the vp nom. tonight, donald trump's chance to make his case to america. and did mike pence make his case? >> i'm joined by a former advisor to mike pence.
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good morning, guys. historian michael beshloff says he's never seen anything like this. have you? >> not in my lifetime. what ted cruz did for him was unfortunate for the party and politically in the short term, only in the short term. either four years from now either donald trump may have won and he may want a primary, donald trump and he needs to draw a clear contest or donald trump may have lost and mike pence could be the front-runner and he needs to draw a contrast with mike pence. it does feel in cleveland it was a terrible move. there was logic to what ted cruz did last night. >> ann coulter said on air it was political suicide. >> i actually thought the pence speech was the big part of the night. >> and should have been? >> should have been and honestly was. i was on the floor, the
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enthusiasm and repeated cheers were a meaningful moment. mike, the governor's job was to introduce himself, family, his bio-to americans the first time ever. most americans don't know who governor pence is, he was very effective doing that and prosecuted the case and uplifted a faith oriented note a real sau salve and balm for members. >> he was self-deprecating and funny and very well received. >> mike pence has been stepped on twice. both of his rollouts first stepped on by donald trump and now by ted cruz. that's unfair. i agree with phil. he did a very good job last night. it was an excellent speech. for many independents and conservative republicans who have questions about donald trump's moral history and authenticity on christianity,
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mike pence gives them something to hold on to. >> we just got the secretary general of nato saying he will not interfere in the campaign but stresses solidarity among allies is a key value for nato. how important was this interview? phil. >> i think this is an interview that is part of a process interview that's probably bigger than the story. the core message here that trump's trying to articulate is we have domestic priorities and the first priorities of the trump administration is getting some of our own house in order consistent with a lot of statements about securing the borders. not to say fundamentally foreign relations don't matter and certainly governor pence, who spent a lot of time overseas and has a significant track record in this area will be a strong asset to him. i don't think it's a largely consequential issue in the broader term. >> i don't agree with that. i think it was a huge moment. the nominee of the republican
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party intimated the united states would not defend a nato ally. that's a huge moment and huge departure from the foreign policy of our government. bipartisan policy of our foreign government. if we were not in cleveland, everybody would be talking about it. >> trump was on our air a few weeks ago, broached the subject of buying back debt. essentially u.s. debt default and followed it up by saying, that's not what i meant. are we looking for another instance where he says you guys took it the wrong way. >> you will look for his speech obviously, this is donald trump's moment to lay out the case to america. he will have to address his views on foreign policy in his speech tonight. i'm sure that will be part of it. i think the nation will be wa h watching carefully and you all will as well. his moment tonight will be the best reflection. >> all that point on the stage cra craft of it all, some argue a
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chaotic week but a candidate who can look strong in these news cycles. >> tonight is all that matters. all will be forgotten if he gives the speech of a lifetime energetic and forward-looking. if he does that we will forget a lot of the drama on the floor of the convention. >> i think the ratings will be absolutely off the chart and why to your question of nato why i pivoted there because the truth of what he says tonight really really matters and america will be watching. >> a candidate who definitely understands the power of tv ratings. >> no doubt about that. >> thank you so much. >> guys, back to you. >> thank you, carl. great perspective coming there from cleveland on a very important night in politics. be sure to catch our convention coverage tonight. last night, meanwhile, was a remarkable night in a really interesting start to the thick of tech earnings season. we have the two chip giants, intel and qualcomm and ebay.
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intel is the worst performance down 4% because the data center group on which it hinged its hopes underperformed, seemed to be corporate buying is weak and cloud and communications buyers were stronger. then you had ebay that hit an all time high on signs the product is getting better. 52 week high depending how you count it. yes, ebay growth lags ecommerce overall but execution improving. qualcomm seemed to get hit with the kitchen sink last year to chinese not paying license fees to slowdown in the phone market to being ditched and pressure and layoffs year-over-year looked worse. and it looked like licensing and millions of dollars falling from the sky and qualcomm saying we think we're turning a corner. that is big for me. wieckcoed microsoft's results, trying to survive a tough pc
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environment. that suggests there's more than stagnation and consolidation. maybe there are areas companies can innovate and grow and come ahead of apple and facebook and amazon reporting next week. an encouraging site. >> ebay because of that buyback and bullish earnings hitting a new high today after ebay and paypal split. it will be interesting to see paypal in the wake of ebay's reports and the ceo of qualcomm on the show a little bit later on. >> in just a few minutes, growth in china and work that qualcomm has done getting those chinese licensees to pay a lot of people thought wasn't going to happen, thought this was all falling apart now. apparently not. >> we will have an interesting conversation with him. we have news out of the auto sector, general motors for its
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next update and we go to phil live with the details. >> a lot of the chatter about tesla's master plan this morning, how much did we anticipate, did they tease what's in the master plan and what's truly new in this master plan! when you look at what they discussed yesterday during the blog post, this is generally, talking about adding solar city, why it makes sense to be part of tesla and autonomous vehicles, the push and car share fleet, that had been speculated eventually we want a car share fleet program. they talked about that yesterday. what many people were not anticipating what elon musk talked about new products including a tesla semi, commercial heavy duty truck for hauling cargo and interstate, and a bus. you have to keep in line he
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outlined in a little better detail the plan to sell a pickup truck coming up somewhere else a small crossover utility vehicle and model 3. that will be the lowest level entry level vehicle for tesla. they won't come out with a 15,0$15,000 small compact elect car. model 3 is as low as it gets right now. autonomous cars, don't expect them to turn off or disable the out to pilot feature any time soon. you look at the stock, it's pulling back a little bit, but that shouldn't be surprising given the run up last week in anticipation. look what it did in anticipation of the master plan certainly genera generating a lot of chatter. >> definitely worth a read. thanks so much. when we come back, what to expect from the markets under a trump presidency. and qualcomm rallying and be beating expectations. a cnbc exclusive and the doj y
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says it will try to block those two mergers in the health care space when "squawk alley" contin continues. ♪ we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments
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just like kung pao fish. thank you, ping. reliably fast internet starts at $59.95 a month. comcast business. built for business. with all eyes on the republican convention, we're asking the question, what would a trump presidency mean for the markets? global strategist from jpmorgan and research directs and tech
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analyst, gabriel, we heard earlier this week from harold hamm we're learning likely be a candidate for treasury secretary. people are coming to the idea a trump presidency might be good for the markets after all, do you agree? >> the thought of mind is important to our clients and we focus on how the rally is doing and i think that's contributing to the markets in the past few weeks. >> we look at policies how the candidates laid out and the way they impact our economy, talk about what trump has put on the table so far. on one hand a tax holiday would be good and bring money back to the u.s. but reinvesting in more expensive labor and products in the u.s. would hurt margins. how do you balance the two?
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>> that's an important point. we think about the technology sector we think about substantial revenues and more importantly substantial revenues and cash and trump has alluded to reducing the costs companies pay in taxes repatriating that cash from 35% to 10%. you think about it, the technology companies in the s&p 500 the 67 of them together had over 9$900 billion in cash and investments in total and a lot of that is overseas, reducing that rate would substantially help quite a number of them, we think. >> gabriella, trump has also expressed some views some have called protectiotectioprotectio. we were talking to g.e. ceo, jeff immelt a few days ago and he said that would hurt smaller
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and medium sized businesses more than big businesses overall. when you think about potential policies getting more protect n protectionist, what impact would that have on the market a year or two years from now? >> interesting we have such a wide difference across the spectrum in this election in terms of policies. we look how widely divided congress is it's hard to believe either end will pass. when we speak to our clients we tell them not to allow houthi thank about politics impact them about investing? >> you think this is a gridlock market and basically nothing change because nothing will get done? >> a gridlock when it comes to implementation. that's where we think we are. when it comes to the market we don't think it's a gridlock market because the economy is getting better and earnings impro improving. >> best home sales since 2007, getting the dollar index at a four month high spurring talking about the fed moving again.
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the reason tech has been positive is because of earnings. how positive do you think the earnings season will continue to be for tech or do you think we have the best behind us now? >> i think to a large extent, we expect the back half of this year to improve in terms of earnings. a lot of companies on the upside providing guidance more encoura encouraging. look at ebay you were talking about that earlier. this company has substantial european exposure that really hasn't delivered any growth of note over the last several qu t quarters yet delivering as one of the best in the market today. you could see so-called legacy tech names delivering and capital so desired by investing in a low interest environment we have. >> and those of us with 401(k)s can all agree, we're happy to
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see it here. thank you both for joining us. coming up, take another look at ebay, revenues and estimates, plus, say tuned for an interview with the ceo of qualcomm, steve mollenkopf joins us as the stock is up more than 7%. back in a moment.
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announcer: when they test you, stand firm and move only when you hear the seatbelt click that says they're buckled in for the drive. never give up till they buckle up.
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our next guest is helping farmers tackle agricultural challenges. we're announcing a 100,00$100,0 round of additional funding led by the alaska permanent fund. david joins us now. tell us how you're innovating. it seems you have this strain of cotton that actually loses less water to grow agricultural production consumes, what, 70% of the water supply.
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how have you done this and what's the business behind it? >> thank you for asking. so what we focus on is beneficial microbes. one of the greatest scientific discoveries in the last five or ten years is really the benefit microbes have to all living things, whether humans, other animals or plants. what we're really pioneering here is the use of those mike romike -- microbes to improve agricultural and help productivity of cotton especially grown under water stress. >> how much is focused on the types of crops and products people might use for clothing, like cotton versus things people eat. there's all kinds of controversy over things like gmos and whether they're good or bad and the debate rages on. are you avoiding that
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controversy or diving right into it? >> everything we do is from nature. we're taking what nature intended to be there all along, really been removed by modern agricultural practices and adding microbes back to plants to create healthier plants. we believe that's better for consumers using the products or eating the products and better for the environment. there's nothing we do that's genetically modified or relates to gmo in any way, we're completely from nature. >> david, sometimes you think about agricultural, you usually think about the great plains and flyover states. you are based in massachusetts and where you're planning to scale your operations. why? >> that's true. all our r&d is in massachusetts. i'm talking to wheat farmers this week so i'm calling in from wichita, kansas. what we do in theory is simple.
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adding back the microbes present in nature and to do this requires high scientist. we need a lot of biologists and the like. being near the universities of mit and harvard is useful for us. >> how does the business model work? will farmers buy this on the promise of efficiency or will you somehow make money on efficiency once that is delivered? >> we think there are a lot of opportunities to innovate in agricultural and our official focus is a lot on technology. another way we're hoping to innovate is pricing and value capture. so, what we're promising farmers is a yield benefit in cotton, about 10%. we'll collect the money and share the value and share the risk with them at harvest. more. all right. certainly an interesting model.
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for people who lived through the california drought, certainly something that's needed. thanks so much for joining us. >> thanks for having me. up next, qualcomm shares up nearly 8% after profit beat revenue and estimates. the ceo will join us coming up next. ♪ [announcer] is it a force of nature? or a sales event? the summer of audi sales event is here. get up to a $5,000 bonus on select audi models.
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good morning once again. i'm sue herera. this is your cnbc news update. treasury secretary jack lew meeting with the greek secretary in athens promoting growth around the world and will be meeting with the g20 in china this weekend. and president erdogan declaring state of emergency and they approved his request for a state of emergency. gm is regular 307,000 older chevy impalas because the air g airbags may not deploy in a crash. this includes 2009 and 2010 model years. >> dressing up for work conti e continues to go out of style. new research from staffing firm office team shows half of senior managers say their employees
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wear less formal clothing than they did five years ago. the most common dress code violation you ask, wearing overly casual clothing. that's the news update. our wardrobe department would be appa appalled, they would have none of that. >> very casual is in the eye of the beholder, though. >> this is true. >> who knows what that is. europe just closed a few seconds ago, simon hobbs is here with that. >> european markets have cut their earlier losses and moving to positive territory. wow, what an interesting news conference from the european central bank. on the other hand, you have the usual comments we can extend qe but playing down the brexit risk saying the accuracy and gross for the eurozone should be taken with a grain of caution and the outcome could take years and said the financial markets have been resilient to the brexit
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vote because of the liquidity and the markets created. and they have jumped during the course of the session. he said on one hand it might be helpful to have a public backstop in europe and have a market where they cancel the non-conforming loans and suggested in italy the commission had all the flexibility it needed whether to impose burden sharing on bank rescues or not. that's at the moment. they are left higher. bad day for airlines in europe. two multiple ceos coming out with warnings, live th-- lufthaa saying they have had a decline due to terror attacks. and on the upside, luxury goods
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beating expectations, appearing leather goods and kelly handbags continue to sell and not to the extent of other luxury makers but it is a phenomenon. >> thank you. let's take a look at qualcomm, right now up nearly 8%, the stock getting a boost in q3 earnings beat, shipping more snapdragon than expected and licensing revenue came in in a big way. the ceo of qualcomm joins us. thanks for joining us. >> pleasure to be here. >> tell me if i'm reading this right. this seems like a big moment for you. things got tough almost as soon as you came into the ceo seat more than 2 1/2 years ago, you dealt with licensing in china and overall smartphone slow down
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and had activist investors and some layoffs. is this a point in the transition things are turning around and we should expect growth from here on out? >> i think we had a very strong quarter, as you know. the more important is the one you're bringing up. we set a strategist a year ago. we're executing on that strategy, delivering based off of it. we're very happy to see that getting recognized in the market and early innings where we think we will take the company. >> i want to ask about china. do you feel it has shifted to an overwhelmingly positive story for you at this point? now that these license revenues have come in, you have a number of deals, you're anticipating more licensing revenue in the next quarter. lte is still on the horizon, you're performing pretty well in the mid to low tiers. is it safe to say china is overall a positive story in a way maybe it hasn't been for the past four quarters?
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>> it is. the key piece is the underlying technology migrate to lte has been the engine that's really driving the importance of getting china in a good spot for us as a business. our product strength has been strong the last two years and strong again this quarter and we have good outcome or guide in that area as well. china, i think we're getting that in a good position, we're happy to see those numbers throw through the business. china will continue to be an important component of the growth story for qualcomm moving forward. >> you cited strong demand for your mid and high tier chips but lower total reported device sales expected overall because of a license that's losing share. can i read that overall you feel you're gaining share on the higher end of the smartphone market validating technology in snapdragon as it hits the market
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and consumers get their hands on it? >> what's happening in china you have a lot of unit growth and strong migration to lte. at the same time, you're seeing the average selling price of the phones and chips we sell into the phones, the demand for more and more features is increasing. those are two good dynamics we are seeing in the business. the next wave is we see a number of chinese expand their business by exporting worldwide as well. that's another good trend. we like what we're seeing in terms of the fundamentals or market drivers behind the strength in china. >> steve, i'm wondering if you could comment on implications of acquisition by arm in the r&d space and whether it was something you ever thought about and whether you think this will create a domino effect in the industry? >> for us, we have a strong
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relationship with a.r.m. and softbank. what you're seeing is something aligned with our company. everyone looks and sees it's a tremendous opportunity. we think it's a tremendous opportunity to leverage the strength of the smartphone and use it as a springboard to growth in a new business. i think softbank and a.r.m. probably see it this same way. we look at it with a very broad lens meaning i think the grant component of being successful is not just the processor but also connectivity and having a broad channel. we like going at that business or opportunity with the strength of the smartphone and we think a.r.m. and softbank will be good partners as we go on that journey. >> i want to speak to you about the political environment as well. i was just speaking to jeff a few days ago on this program and they were talking about the impact of protectionist policies
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around the globe, whether brecks sis or rhetoric on the campaign trail here. what is the impact on innovat n innovations, on companies like qualcomm if the u.s. or other countries move in more protectionist directions when it comes to business? >> you look at a company like qualcomm, most of our market and sales are outside the united states. but the majority of our wildfir workforce is in the united states although not all of it. i think it's very important for things like trade, i.t. protection and tax reform, things that don't always resonate with the public, these are high issues for qualcomm and high-tech companies to make sure we remain competitive and a strong employer in the united states. we caution people to take a very broad view. >> i want to ask you how many pokemon you've caught recently but seriously i want to ask you about virtual reality and you mentioned it in your report as
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being a driver of demand in chips and how important is something like pokemon and people's expectations what their phone can do to how much you cancel at the high end the next couple of years. >> i get asked these questions all the time, is the innovation dead on the phone and you see something like "pokemon go" happen which reinvigorates the industry. it's an interesting product in the sense technically it involves many of the capabilities you have to build in the smartphone business. we think virtual reality, things like mobile gaming you're seeing on "pokemon go," a tremendous franchise, we think those will be great drivers for the underlying technology qualcomm delivers, an important part of our business. >> and the i choose you, steve mollenkopf from qualcomm, thanks
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for joining us. >> thank you. >> over to you, carl. >> ted cruz still dominating the headlines in cleveland as we wait for donald trump's speech tonight. joining us to talk about what is truly advanced political calcul calculus. >> absolutely. ted cruz has gone fully rogue at this convention by design from the cruz campaign. what has worked so far this year is to be the most outrageous, most provocative guy in the room. that's what won donald trump the nomination. ted cruz figuring he might as well do the same. look how personal this got and last night you saw the speech and the boo'ing and speaking to his own texas delegation his own home state folks explaining what he did why he did and doubling down in a very emotional way. here's what he did. >> any time you stand up to john boehner or mitch mcconnell leadership screams support the team, you're a republican, we're
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our leadership, sit down, shut-up, just support the deem, and damn it, if that's the price, i ain't going to do it. i will honor the commitments i made to the voters instead. >> you hear a lot of trump supporters saying cruz should have joined the team and kept his mouth shut and gone along to get along. what you wonder if donald trump is not reaping what is sohn politic politically. traditionally in the older politics, politicians didn't go after someone's wife or go after the parents and didn't make it as personal and insulting as this campaign has been. that's what ted cruz said made it impossible to come out and fully endorse donald trump on the campaign trail or hall and those relationships are permanently broken at this point and you wonder how the party puts the pieces together. >> interesting. if he were in the room or you this week, you might consider ted cruz an isolated political figure. the question is we don't know how this is playing in the rest
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of the country. >> two options for ted cruz at the presidential level, one, donald trump goes down in flames in november, perceived later as embarrassment to the republican party and aberration and ted cruz comes back as course correction in 2020, i'm here, i'm your guy, let's do this all over again. or trump gets elected, has a rocky presidency, cruz can position himself as the guy b t waiting in the wings. anti-trump party. both options long shots but cruz preserving his political future. >> we know which speech matters. it's tonight as donald trump takes t thes the stage. the mission? >> he has to a peer presidential. one thing he said he will do throughout this campaign and have to do it tonight. millions will be watching. >> ivana trump and -- >> yes. business voices. >> we sat down with the producer of "house of cards" for netflix
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on binge. how would frank underwood fair on the november ballot. >> trump versus underwood, who wins? >> underwood by a mile. >> and clinton versus underwood? >> underwood by a mile. >> you can catch more of our interview. season two of binge is streaming on, apple tv and hulu and youtube. when we come back, two major health mergers being discussed. we will explain why in just a moment. baer.
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at the "halftime report" an exclusive interview with aetna ceo and the doj blocks his deal. and whether the recent rally is for real. and the latest on pulte and elliott. coming up. thanks. we appreciate it. we want to get down to d.c. and bertha coombs speaking of antitrust issues and healthcare mergers. joined by a special guest in d.c. over to you. >> reporter: thanks very much. i'm joined by bill baer, the number three at the department of justice. you're moving to block both the
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aetna and humana acquisition and aetna sigma acquisition. are you going to try these both together? >> no. we actually filed two separate lawsuits this morning, challe e challenging these transactions separately. they involve different products, different markets. while we are filing both cases in the district court here in d.c. we will be preparing to go to trial and s-- separately the two cases. >> you are talking about the big five become the big three and the issue you continually bring up is the issue of innovation. why do you think that letting these companies come been in their innovative strategies would actually reduce innovation. >> right now, we only have five national providers of health insurance. these five are proposing to consolidate down to three. these five are the source of much of the innovation that goes on in the marketplace today, providing different kinds of
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wellness programs to consumers, to seniors, to the underinsured, previously uninsured. there is quality competition going on. innovation going on. you reduce the number of players in any market from medicare advantage, national employers looking for coverage for their employees, you run the risk that innovation will be stopped. you run the risk insurance premiums will go up. >> reporter: however, you also have a situation providers have gotten bigger, whether position groups, whether it's hospitals. the way they get that innovative strategy is really having some sort of negotiating muscle. you run the risk with these companies not being able to get those good prices of premiums going up anyway. >> consumers, including the insured benefit when we have competition at all levels of the system. we need competition at healthcare providers, doctors, hospital job competition among
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providers of insurance so that the market really works and drives quality and price down to the consumer. >> reporter: the academies of o -- companies have offered divestitur divestitures. is there no way this case could be settled and they could offer enough divestitures to make it work? >> we don't think anything on the table comes close to fixing the competitive problems we've identified. my answer is, no, we have a significant risk of injuring competition and injuring customers. if it can't be fixed what ant tri trust laws -- antitrust laws direct us to do is to go to court and seek to block them all together. >> reporter: they say traditional medicare is a competitive product to that. this is something that hasn't been litigated before? >> it hasn't been litigated but we investigated it in prior mergers and found medicare is it
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own market that has unique attractions to consumers and doesn't really compete to traditional medicare. we're going to court and we're going to prove that up and demonstrate if you allow this merger to go through in 360 some counties across the nation competition would be impaired. >> reporter: with the anthem-cigna merger and four companies overall you also talked about affordable care act exchanges and want them to continue on there. there's a chance they may not no longer feeling the pressure of a regulatory review? >> they will make their own decisions as independent companies whether to participate in the exchanges or not. we're saying reducing the exchanges of many markets across the company will hurt the consumers many under insured and insured that benefit from competition. >> thank you. back to you. >> berstha coombs with the doj
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top official. intel falling after a drop in its state of business, currently the biggest loser on the dow and southwest we're back in a moment.
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for that we go on to rick. hey rick. >> hi and thank you. everybody is so outdated whether it's existing sales, new sales permits or starts, listen i don't mean to pick on housing and if you look at a housing chart we're at about half a start with historic ex-treatments going back to 05 or 06 it continues to be solid the economy is half speed. how many times have we said this we have a federal reserve who always talked about data dependent but sometimes they don't take their own advice. i just don't get it. how many times do we go to initial job leless claims and st people say you have to take a
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moving average approach and smooth out. if you smooth out the data points what you arrive at is we're at the durable economy. what's the fed waiting for? the only thing i can think of is the dollar. the dollar is everything. there used to be a time when green spspan didn't even want t talk about the dollar. we have a pretty decent economy compared to everybody else and the central banks have created a dynamic where if you don't hold lots of solve rin paper you're going to have high securities and low interest rates created by interest banks, the the long and the short it is much of this
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policy has created an appetite for nonbanonbank denominated de. we see high yields because of that dynamic, but that's not going to go away. it's kind of like the way we're all dissecting what's going on in cleveland. it doesn't matter what anybody in that room really thinks. it doesn't matter if the press likes it or if they're on the same page. you and your vote are all that matter. with the dollar they can do whatever they want. there is no way the dollar isn't going to strengthen over time like a fine wine. it's going to go up. there is no other way it can happen. they better get busy and normalize because all these things just get larger the longer they wait. kayla, back to you. >> thank you. up next the pokemon go craze
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doesn't appear to be going anywhere. more on that on the other side of this break.
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"pokemon go" may be struggle to launch in japan but here at
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home the craze isn't going anywhere. an estimated 9,000 people participated in a pokemon crawl. the event was not an official. nintendo stock up plus 90% over the past couple of weeks on a product we don't know a lot about on how it's going to affect their bottom of top line. >> i saw a sign in the subway yesterday cautioning riders not to chase pokemon on to the tracks. >> it must be okay. if all those people have time to change into the pikachu onsie
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the economy must be okay. >> donald trump taking the stage to take the nomination as the republican nominee introduced by his daughter ivanka and peter thiel and some reflections from silicon valley. the half starts right now. we'll see you tonight. thanks so much. welcome to the half time report. well be joined by aetna ceo mark bertolini on the very day the doj dropped the hammer with the planned deal with humana. the biotech comeback up more than double digits since june 27th have us wonder where this is really back for good. we're going to hear f


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